Carl Menger vs. Gustav Schmoller and the Socialists of the Chair
The debate on method between Menger and Schmoller was useful for the clarification of the differences between theoretical and applied economic research.
Mises Wire
Why Camping Out To Buy Stuff Is a Rarity in a Market Economy
Forcing people to wait days in a line to buy your product may not be the most efficient way to distribute goods.
Inflation Has Been Contained — But Not Because of a Liquidity Trap
When the Fed began paying interest on bank reserves, it kept a lid on inflation. But now there's no easy way out.
Will the Data Tell Us When the Next Bust Is Due?
The trigger to boom-bust cycles is central bank monetary policies and not some mysterious factors we can only tease out of statistical data.
Is the (Tea) Party Over?
Now that Republicans control the White House and Congress, tea party groups have little to say about runaway government spending.
Lack of Police Accountability Shows the “Social Contract” Isn’t Working
We're told that we pay taxes in return for government "services." But what happens when the state doesn't keep up its end of the bargain?
Public Goods, National Defense, and Central Planning
Since national defense is not bought and sold in markets, we can't really know its value or whether there is too much or too little of it.
Trump’s Tariffs, Fannie’s Funding: How High Can Rents Climb?
Renters can't keep paying higher and higher rents, as nearly half of all renter households pay more than 30 percent of their income for housing.
The True Money Supply Is Flashing Red
The suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust.
What Free-Banking Advocates Get Wrong
Free-banking systems may make bank runs less frequent, but do they prevent credit expansion, artificial booms, and economic recessions?
